Estimates That Are Typically Based on Estimates of Elements Found

question 30

True/False

Estimates that are typically based on estimates of elements found in the work breakdown structure are called bottom-up estimates.

---

Definitions:

Production Rate

The speed or efficiency at which goods are manufactured or services are delivered within a specified period.

Supply of Product

The total amount of a product or service that is available for purchase at any given time.

Capacity

The maximum level of output that a company can sustain to produce a product or service.

Manufacturing Capacity

The maximum amount of goods a manufacturer can produce under normal working conditions in a given period.